Showing posts with label national debt. Show all posts
Showing posts with label national debt. Show all posts

Wednesday, March 6, 2013

The Cost of America's Wars - $3 Trillion, $4 Trillion, $5 Trillion, $7 Trillion, $8 Trillion, Going Once, Going Twice, SOLD



Naturally, the common people don't want war ... but after all it is the leaders of a country who determine the policy, and it is always a simple matter to drag the people along, whether it is a democracy, or a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is to tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same in every country. Hermann Goering, Nazi Germany

Fox News and its neocon, warmongering, statist and tyranny worshiping lineup of journalists are and have always been the biggest media cheerleaders for endless wars.  The other networks were not too far behind Fox News because all broadcast mainstream media is nothing but a propaganda mouthpiece of the government.  Frankly, the government and the media are indeed partners in horrific crimes and that is the way it's always been.

Fox News recently posted a piece on the cost of the Iraq War.

Too much taxpayer money was spent in Iraq for too few results, report finds
Ten years and $60 billion in American taxpayer funds later, Iraq is still so unstable and broken that even its leaders question whether U.S. efforts to rebuild the war-torn nation were worth the cost......The abysmal Iraq results forecast what could happen in Afghanistan, where U.S. taxpayers have so far spent $90 billion in reconstruction...
The first sentence of the Fox News piece blatantly suggests that the cost of the Iraq War was just a puny $60 billion.  However, the article mostly complains about the cost of reconstruction after both Iraq and Afghanistan were bombed back to the Stone Age.  To be sure, Republicans cheered in an orgy of barbaric bloodlust.

Reporting on the cost of the America's war machine is a big NO NO.  The people aren't allowed to know that the economy is a mess because the wars are bankrupting us.  So how much did the Iraq and Afghanistan wars cost us?  According to The Christian Science Monitor, the cost of the Iraq War as of 2011 was $800 billion and expected to reach $4 trillion.

Iraq war will cost more than World War II
Iraq war, now winding down with US troop exit by December, has cost more than $800 billion so far. But ongoing medical treatment, replacement vehicles, etc., will push costs to $4 trillion or more.
How much did the War in Afghanistan cost?  It isn't exactly clear because war costs tend to be buried and spread throughout multiple agencies and their obscure budgets.  However, USA Today reported in 2010 that the cost of the Afghan War is expected to exceed the cost of the Iraq War.

Afghan war costs now outpace Iraq's

The Washington Post, a pro-war and pro-interventionist mouthpiece of the elites, even whined that the current Iraq War would cost at least $3 trillion and admitted that the Bush Administration estimated the cost of the Iraq War at $50-60 billion and that was back in 2008.

The Iraq War Will Cost Us $3 Trillion, and Much More 
There is no such thing as a free lunch, and there is no such thing as a free war. The Iraq adventure has seriously weakened the U.S. economy, whose woes now go far beyond loose mortgage lending. You can't spend $3 trillion -- yes, $3 trillion -- on a failed war abroad and not feel the pain at home.
Some people will scoff at that number, but we've done the math. Senior Bush administration aides certainly pooh-poohed worrisome estimates in the run-up to the war. Former White House economic adviser Lawrence Lindsey reckoned that the conflict would cost $100 billion to $200 billion; Defense Secretary Donald H. Rumsfeld later called his estimate "baloney." Administration officials insisted that the costs would be more like $50 billion to $60 billion. In April 2003, Andrew S. Natsios, the thoughtful head of the U.S. Agency for International Development, said on "Nightline" that reconstructing Iraq would cost the American taxpayer just $1.7 billion.
$50-60 billion or even $100-200 billion is a long way from $3 trillion - $3,000,000,000,000.

But wait, it gets worse.

If $3 trillion bucks sounds like an insane amount of money, apparently the Washington Post vastly underestimated our war costs. Steve Chapman in a Real Clear Politics piece titled “The Unaffordability of Endless War” said “Scholars Joseph Stiglitz of Columbia and Linda Bilmes of Harvard published a book in 2008 called "The Three Trillion Dollar War," which gives a more realistic estimate. But that, too, is an understatement. They figure that when all long-run costs are factored in, the tab will be at least $5 trillion and could reach $7 trillion, or nearly twice as much as this year's entire federal budget.” Chapman went on to say:
And that was two years ago. I asked Bilmes for an update, and she said some obligations, like veterans' medical and disability compensation costs, "have exceeded our earlier projections." Do I hear $8 trillion?
The beauty of the current conflicts, however, is that we can pretend we don't have to pay for them. Unlike past wars, when taxes were raised to defray the cost, these have been financed with the help of borrowed funds. But eventually the astronomical bill will have to be paid.
Whether the insanely expensive and murderous wars cost America $3 trillion or $4 trillion or $5 trillion or $7 trillion or $8 trillion, the war bills must eventually be paid and they will be paid with the prosperity of the American people who are destined to become impoverished as a direct result of America's endless wars.  In fact, it's fair to say that the war bills have come due and the American people are are already paying the war bills in the form of a busted economy and profound economic suffering.

Yet, every cent spent on the wars, whatever the amount is, was appropriated by Congress.  Congress Critters overwhelmingly approve war spending which is an entirely different animal than legitimate national defense spending.  Things are so bad in America that it would not be wrong to assert that this nation is indeed a wholly owned subsidiary of the military industrial complex and we may in fact be a de facto military dictatorship.

As nations descend into tyranny, it's almost always the result of war and the crushing blow to civil liberties is evident everywhere.

Vanishing Civil Liberties in America's Nazified Police State

As America morphs into a nasty and ruthlessly brutal Nazified police state, the American people have no one to blame but themselves because they indeed voted for what they got - a busted economy and a militarized police state.

Is this the face of America - massive murder everywhere?



Image source: http://www.itnnews.lk/wp-content/uploads/2014/08/afghanciviliandeaths.jpg

The cost of having no conscious or moral compass is prohibitively expensive.

Monday, March 4, 2013

Can the Big Spending Bush Crime Family be Stopped, and Jeb's Love of LBJ




It's no secret that Jeb Bush will seek the Republican nomination for president in 2016.  He's been hitting the media circuit hard and is even advocating for increased taxes.

Jeb Bush says revenue increase could be part of budget deal Washington Post

The Bush name is still highly revered in Republican circles, although its shine has been tarnished.  Many disgruntled Republicans do in fact blame the Bush family for the horrific decline of the Republican Party.

Recently, Jeb Bush publicly stated that he would govern like Lyndon Johnson, a Democrat, a psychopath and the engineer of his Great Society.

JEB BUSH: I WOULD GOVERN LIKE LYNDON JOHNSON AS PRESIDENT
Former Florida Governor Jeb Bush said he would strive to be like Lyndon Johnson, the Democrat famous for expanding the U.S. welfare state through the "Great Society," if he were elected president.  
Texas has a long history of spawning hideously vile Republican and Democrat politicians. While it's not all that unusual for folks to refer to the Bush family as the Bush Crime Family, much has been written about the Bush gang that indeed exposes their raw lust for power.  Yet, very little has been written about LBJ except for the sanitized version, and largely because he's revered on the left as the father of American socialism and heir to FRD.  The media guardian darlings ferociously protect LBJ's false image.





While there is much about LBJ that is immoral, corrupt and despicable, he may in fact be the most evil president in US history and LBJ at least rivals the Bush Crime Family.  LBJ gave the order to sink the USS Liberty in 1967, he personally ordered the watery deaths of nearly 300 US Navy and government personnel on the ship, he wanted to start a nuclear war and he gave the order to bomb Cairo with nuclear warheads.  In fact, the US Air Force was in the air, loaded with nuclear weapons and came within 3 minutes of bombing Cairo.  That incredible story is detailed here:

The Most Incredible Story Never Told: The USS Liberty, Israel & LBJ's Order to Destroy the USS Liberty

That a Bush so reveres and respects LBJ as to emulate him should come as no surprise for anybody who understands and has studied the Bush family and its horrific history.  LBJ's legacy also includes the murders of millions of southeast Asians and the names of over 58,000 dead Americans listed on the Vietnam War Memorial.

That the Republican base would worship a a Bush who worshiped a murderous mentally unstable psychopath is not surprising, given the Republican lust for big government, socialism and endless wars.  If LBJ were alive today, he'd definitely be an honored and loved Texas Republican.

The national debt is $16.6 trillion.  How much did the Bush family give us?

George H. W. Bush contribution to the mountain of debt: $1.6 trillion
George W. Bush contribution to the mountain of debt:       4.9 trillion
George W. Bush Deficit inherited by Obama:                    1.3 trillion
Total contribution to debt of 2 Bush presidents           7.8 trillion

With nearly half (47%) of the $16.6 mountain of debt attributable to Bush 41 and Bush 43, Americans really can't afford another Bush president.

Thursday, August 2, 2012

The Debt Bomb - Does Anybody Even Care?



Are the American people deaf, dumb and blind?  Maybe they are just aloof or even arrogant but whatever ails them, the American people are definitely in dire need of a stone cold reality check.  Perhaps this video will help.  While formatted for entertainment for the entertainment obsessed American public, the 3 minute video portrays a shocking truth that nobody in America wants to hear let alone deal with.






Debt bombs are currently detonating in Europe.  In Greece, the debt bomb has detonated.  In Spain, it's massive debt bomb is currently in the process of detonating.

Problems in Spain: Revenues Collapse, State Spends Nearly Twice as Much as Revenues Collected in First Half

100,000 Workers in Spain Will Not be Paid Because Regional Government of Catalona is Broke

Italy and Portugal aren't too far behind Spain and Greece.  USNew just reported that the federal deficits are the highest since the 1940's, here and also stated "In every second of 2011, for example, the government spent $114,253—even though it was only taking in $73,043 in revenue. According to Face the Facts, that means the federal government spent $41,210 every second that it didn't actually have."

Think about that.  The federal government is spending $114,253 per second on revenues of $73,043 per second.

What makes us so different from Greece and Spain?   We aren't and what is happening elsewhere will happen here in America to the American people.  It's only a matter of time and time is running out.

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